KEY TAKEAWAYS Our Five Forecasters are collectively indicating that further economic growth and stock market gains appear likely This economic cycle is about to turn 10 years old, but we see reasons it can continue. We take a look at market breadth and stock...
–With 92% of the S&P 500 companies’ results in, Q1 2019 earnings are up 1.4% year over year, 3.5 percentage points above January 1, 2019, estimates. Revenue is tracking to a 0.5 percentage point upside surprise and 5.6% year-over-year increase. –Forward earnings...
KEY TAKEAWAYS We consider first quarter earning season a success based on the upside surprise and resilience of estimates for the rest of this year. It appears an earnings recession has been averted and better earnings days lie ahead, though trade uncertainty is a...
KEY TAKEAWAYS Escalating U.S.-China trade tensions caused stocks to sell off more than 2% last week. Globally exposed sectors paced last week’s declines, namely materials, industrials, and technology. The maximum peak-to-trough decline of less than 3% so far this year...
